LINDUM GROUP LIMITED
Company number: 01236338
Reporting period:
1 December 2025 to 31 May 2026
Report filed on:
29 June 2026
Approved by:
Robbie Kok
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? Yes
Payment statistics
Average time taken to pay invoices: 37 days
Total value paid:
- within 30 days: £42,418,165 (48%)
- in 31 to 60 days: £39,610,900 (45%)
- in 61 days or more: £5,841,625 (7%)
Invoices paid:
- within 30 days: 23%
- in 31 to 60 days: 73%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £4,825,120
- payments due in the reporting period which have not been paid within the agreed period: 5%
- not made in the reporting period due to a dispute: 5%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Suppliers:
Net Monthly or End of Month following tax point of Invoice
Subcontractors:
Standard JCT contract terms (typically 38 days)
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Retention clauses
How does this business use retention clauses?
Retention clauses are included in standard payment terms.
Does this business only use retention clauses in construction contracts above a specific contract sum?
No
Does this business use a standard percentage rate in retention clauses?
Yes: 5%
Does this business apply retention clause practices that are no more onerous than those applied to it on the same project?
Yes:
We seek to mirror our upstream payment terms with our downstream payment terms where possible
Releasing money under a retention clause
Process for releasing money this business has deducted or retained under a retention clause
Retentions are only applied to subcontractor payments (suppliers that include a labour element of work). The process for releasing retention money is the same as for the rest of the payments administered under the build contract. The subcontractor will make an application or send an invoice for an amount due which will be assessed by a Quantity Surveyor. The first 50% of retention will be released on agreement of a final account and paid in line with the payment terms of the contract. No retention is applied to material only purchases from suppliers
Is the money released in stages?
Yes:
Typically, 50% on completion and 50% on expiry of 12 month MGD period
Amount retained from suppliers in the reporting period
Amount retained stated as a percentage of the money retained from this business by its clients
81%
Amount retained stated as a percentage of the total construction payments made by this business
2%
Dispute resolution process
Suppliers:
Material Deliveries:
If there is no record of delivery being made, accounts dept. request proof of delivery
Incorrect Price:
Buyers will contact supplier to resolve any price discrepancies
Subcontractors:
Project QS will liaise with the subcontractor to resolve any disputes
Once the dispute has been resolved, any payment will be made on the next weekly payment run
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: The Fair Payment Code (Bronze Award)
Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
No
Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No